marketwatch.com - Home builders are as confident as ever — nearly eight years to be more precise. Whether that will translate into actual construction remains to be seen.
The National Association of Home Builders/Wells Fargo housing market index rose 3 points to 59, marking the fourth rise in a row. Economists polled by MarketWatch had expected a 55 reading. July’s level was downwardly revised by a point to 56.
Any reading above 50 is considered “good.”
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bloomberg.com - Confidence among U.S. homebuilders held in January at the highest level in more than six years, offering the latest evidence that residential real estate will help spur economic growth.
The National Association of Home Builders/Wells Fargo index of builder confidence was 47, matching December’s reading as the highest since April 2006, the Washington-based group reported today. The median forecast of 50 economists projected a reading of 48.
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